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Rainbow Foundations Rights Issue Date 2022, Price, Entitlement Ratio, Allotment Details

Table of Contents

Rainbow Foundations rights issue to start from 25 March 2022 and will close on 16 April 2022. The record date is fixed for 11 March 2022. The Rainbow Foundations rights issue entitlement ratio is 8:1, 8 right shares for every 1 fully-paid equity shares held on the record date. 
Rainbow Foundations Ltd is a real estate development company that aims to empower Chennai to construct improved structures and to build faith amongst its valuable customers. The company was incorporated in 1994, engaged in both residential and commercial projects. They are developing residential and commercial projects in Tamil Nadu. Their core focus is Smart Home Design, Beautiful Serenity, Exceptional Lifestyle, and Complete Home. They completed Rainbow Darshan, Rainbow Courtyard, Rainbow Paradise, and Rainbow Retreat projects. Their ongoing projects are Rainbow Trade Centre (commercial project), Rainbow Crystal Height, Rainbow Sarala Avenue, Rainbow Adarsh, and Rainbow Girnar (residential projects). Check out Rainbow Foundations’s rights issue details.
Rainbow Foundations

    Rainbow Foundations Rights Issue Date & Price Band

     Rights Issue Open: 25 March 2022
     Rights Issue Close: 16 April 2022
     Rights Issue Size: Approx ₹48.52 Crores 
     Rights Record Date: 11 March 2022
     Price Band: ₹11 Per Equity Share
     Face Value: ₹10 Per Equity Share
     Listing on: BSE
     Entitlement Ratio:  8:1 (8 rights shares for every 1 shares)
     Equity: 4,41,00,000 Equity Share
     Live Share Price: Click Here

    Rainbow Foundations Rights Issue Time Table

     Rights Record Date  11 March 2022
     Deemed Date of Allotment 26 April 2022
     Renunciation of Rights Entitlements 11 April 2022

    Rainbow Foundations Rights Issue Form & How to Apply

    How to apply the Rainbow Foundations rights issue? You can check Rainbow Foundations rights issue details on click here. You can apply the Rainbow Foundations rights issue via form download on NSE & BSE website where you can download blank forms & submit them to your bank or broker. You can apply online via ASBA or UPI via your Demat account details.

    Rainbow Foundations Financial Report

      ₹ in Crores

    Quick Links

    Rainbow Foundations Rights Issue Allotment Status

    Cameo Corporate Services Limited
    Phone: +91 44 28460390
    Website: https://online.cameoindia.com/
    Check Rainbow Foundations issue on Cameo Corporate website allotment URL. Click Here

    Rainbow Foundations Rights Issue Lead Managers

    • Turnaround Corporate Advisors Private Limited

      Company Address:

      Rainbow Foundations Limited
      No. 4, Thanikachalam Road,
      T. Nagar, Chennai,
      Tamil Nadu – 600017
      Phone: +91 44 24344647, 243546
      Website: https://www.rainbowfoundations.in/

      Rainbow Foundations Rights Issue FAQs:

      When is Rainbow Foundations Rights Issue Record Date?

      Rainbow Foundations Rights Issue 2022 record date is 11 March 2022.

      What is Rainbow Foundations Rights Issue Price?

      The company has fixed the price at ₹11 per equity share.

      What is the Rainbow Foundations Rights Issue Ratio?

      The company has fixed the ratio (8:1), 8 Rights Equity Share for every 1 Equity Shares as on record date.

      How to apply for Rainbow Foundations Rights Issue 2022?

      As per the record date you need to have Rainbow Foundations shares in your Demat account. You can participate in Rights Issue via offline form download or you can apply online via ASBA or UPI options.

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